ROELS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ROELS
Largest movements
- Tangible fixed assets -€82,114
down €82,114 (-2.3%), from €3.5m to €3.5m
- Cash +€62,574
up €62,574 (+137.0%), from €45,680 to €108,254
mainly Depreciation (+€82,114) and Net result for the year (+€19,051)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€23,725
up €23,725 (+21.2%), from €112,111 to €135,836
- Financial charges -€5,888
down €5,888 (-18.3%), from €32,221 to €26,333
- Other operating charges +€2,039
up €2,039 (+14.0%), from €14,538 to €16,577
- Depreciation +€1,902
up €1,902 (+2.4%), from €80,212 to €82,114
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,591,953 | €3,575,670 | -€16,284 | -0.5% |
| Fixed assets | 21/28 | €3,546,274 | €3,464,159 | -€82,114 | -2.3% |
| Tangible fixed assets | 22/27 | €3,546,274 | €3,464,159 | -€82,114 | -2.3% |
| Land and buildings | 22 | €3,546,274 | €3,464,159 | -€82,114 | -2.3% |
| Current assets | 29/58 | €45,680 | €111,510 | +€65,831 | +144.1% |
| Cash at bank and in hand | 54/58 | €45,680 | €108,254 | +€62,574 | +137.0% |
| Deferred charges and accrued income | 490/1 | - | €3,256 | +€3,256 | |
| Total equity and liabilities | 10/49 | €3,591,953 | €3,575,670 | -€16,284 | -0.5% |
| Equity | 10/15 | €2,255,157 | €2,274,209 | +€19,051 | +0.8% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €264,662 | €261,480 | -€3,182 | -1.2% |
| Non-distributable reserves | 130/1 | €4,683 | €17,500 | +€12,817 | +273.7% |
| Legal reserve | 130 | €4,683 | €17,500 | +€12,817 | +273.7% |
| Tax-exempt reserves | 132 | €259,978 | €243,980 | -€15,998 | -6.2% |
| Profit (loss) carried forward | 14 | -€34,504 | -€12,271 | +€22,233 | +64.4% |
| Provisions and deferred taxes | 16 | €133,854 | €125,614 | -€8,240 | -6.2% |
| Deferred taxes | 168 | €133,854 | €125,614 | -€8,240 | -6.2% |
| Amounts payable | 17/49 | €1,202,942 | €1,175,847 | -€27,095 | -2.3% |
| Amounts payable after more than one year | 17 | €397,203 | €365,352 | -€31,851 | -8.0% |
| Financial debts | 170/4 | €397,203 | €365,352 | -€31,851 | -8.0% |
| Amounts payable within one year | 42/48 | €776,939 | €785,007 | +€8,068 | +1.0% |
| Financial debts | 43 | €31,408 | €31,851 | +€443 | +1.4% |
| Credit institutions | 430/8 | €31,408 | €31,851 | +€443 | +1.4% |
| Trade debts | 44 | €64 | €64 | = | 0.0% |
| Suppliers | 440/4 | €64 | €64 | = | 0.0% |
| Other amounts payable | 47/48 | €745,467 | €753,092 | +€7,625 | +1.0% |
| Accrued charges and deferred income | 492/3 | €28,800 | €25,488 | -€3,312 | -11.5% |
| Non-recurring operating income | 76A | €11,730 | €1,035 | -€10,695 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,212 | €82,114 | +€1,902 | +2.4% |
| Other operating charges | 640/8 | €14,538 | €16,577 | +€2,039 | +14.0% |
| Non-recurring operating charges | 66A | €3,901 | - | -€3,901 | |
| Gross operating margin | 9900 | €112,111 | €135,836 | +€23,725 | +21.2% |
| Operating profit (loss) | 9901 | €13,460 | €37,145 | +€23,684 | +176.0% |
| Financial charges | 65/66B | €32,221 | €26,333 | -€5,888 | -18.3% |
| Recurring financial charges | 65 | €32,221 | €26,333 | -€5,888 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,761 | €10,811 | +€29,572 | |
| Transfer from deferred taxes | 780 | €8,240 | €8,240 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,521 | €19,051 | +€29,572 | |
| Transfer from tax-exempt reserves | 789 | €15,998 | €15,998 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,477 | €35,050 | +€29,572 | +539.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.